This image is part of a series that was created for an open textbook, Fundamentals of Business, 4e. The textbook will be available Fall 2022 at https://vtechworks.lib.vt.edu/.

Preferred citation:

Kindred Grey (2022). "When entrepreneurship happens with the organization’s lifecycle" CC BY 4.0. 

Other contributions to this image:

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Alternative text:

General timeline over 20 years with a line with some dips that mostly follows a bell curve, peaking around 14 years. Stages before peak: inception, formative, expansion, and stabilization. Stages after peak: stagnation, crisis, destruction and decease. Text box that points to formative and stabilization reads "Where entrepreneurial skills are used." Text box that points to destruction and decease reads "Public companies average between 14-25 years, though over 6000 have lasted more than 60 years!" There's an alternate line coming from the peak that trends upward with a text box that reads "conception of a new organization or investment of part of company's regualr cash flow into different perspective and emerging markets where faster growth is expected."

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